{"id":416415,"date":"2020-07-15T08:46:02","date_gmt":"2020-07-15T06:46:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=416415"},"modified":"2020-07-15T08:46:02","modified_gmt":"2020-07-15T06:46:02","slug":"gold-still-has-room-to-run-say-top-analysts-invest-now","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/416415\/gold-still-has-room-to-run-say-top-analysts-invest-now\/","title":{"rendered":"\u201cGold still has room to run\u201d say top analysts &#8211; Invest now"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Gold prices have climbed to their highest levels in nearly nine years, with the precious metal seen as the investment of choice for investors dealing with pandemic-related uncertainty in the stock market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite hitting its highest levels, there are still profits to be made from investing in gold in the second half of 2020, according to leading analysts at Goldman Sachs, Citi Bank and JP Morgan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With interest rates at record lows and central banks supporting their economies, analysts predict the gold price will continue to be driven up by strong demand and continued uncertainty over the outlook of the global economy. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Sean Sanders CFA Charterholder and CEO of investment platform, <\/span><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%201\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Revix<\/b><\/a><span style=\"font-weight: 400;\"> commented \u201cThe yellow metal has never crossed the $2,000 per ounce threshold, however, the unprecedented money printing and lending actions of central banks, weak global growth, and higher inflation could all influence the metal to climb higher.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He continued \u201cIt is also why it\u2019s important now, more than ever, to hold inflationary hedges like gold in your investment portfolio. The fundamental long-term inflationary pressures that are stimulating the appetite for gold remain firmly in place. In particular South Africans are seeing their hard-earned rand savings go up in smoke and are continuing looking to investments like gold that strengthen when the rand weakens due to inflation.\u201d<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%202\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Invest in gold with Revix<\/b><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After charging to price levels not seen in nine years, analysts at Citi Bank are still expecting gold\u2019s price to break above $2,000 in 2021 and Goldman Sachs\u2019 projections are similar, betting the precious metal will reach $2,000 an ounce even sooner. <\/span><span style=\"font-weight: 400;\">Making gold an appealing investment choice <\/span><span style=\"font-weight: 400;\">if you are planning to hedge your bets against the rand.<\/span><\/p>\n<h3 class=\"my-4\"><b>Why Gold?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Gold is scarce, and less than 2% of gold\u2019s total value is extracted from the earth every year. So, when more paper money is printed relative to how much gold is mined each ounce of gold becomes more valuable in rand terms. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold tends to benefit from widespread stimulus measures from central banks because it is widely viewed as a hedge against inflation and currency debasement.\u00a0<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%203\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Invest in gold with Revix<\/b><\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%204\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Revix<\/b><span style=\"font-weight: 400;\">,<\/span><\/a><span style=\"font-weight: 400;\"> the investment platform backed by JSE-listed Sabvest, offers a simple and low cost way to invest in gold. <\/span><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%205\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Revix<\/b><\/a><span style=\"font-weight: 400;\"> has no monthly account fees, no sign-up fees and a low once off minimum investment amount of R500 making it easy to get started.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Through Paxos Gold &#8211; a regulated tokenised commodity &#8211; <\/span><span style=\"font-weight: 400;\">you can invest in physical gold held in fully insured LBMA London vaults and not have to worry about the custody and insurance burdens of physical ownership. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">One PAX Gold token is backed by one fine troy ounce of the highest quality LBMA gold and what separates <\/span><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%206\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Revix<\/b><\/a><span style=\"font-weight: 400;\"> from competitors is that you can sell your gold investment whenever you choose &#8211; whether that\u2019s in a couple of hours or many years\u2019 time.\u00a0 <\/span><\/p>\n<h3 class=\"my-4\"><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%207\" target=\"_blank\" rel=\"noopener noreferrer\"><b>How to sign up to Revix<\/b><b>\u00a0<\/b><\/a><\/h3>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/07\/3-easy-steps-to-invest.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-416417\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/07\/3-easy-steps-to-invest.jpg\" alt=\"\" width=\"640\" height=\"396\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/07\/3-easy-steps-to-invest.jpg 770w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/07\/3-easy-steps-to-invest-300x186.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/07\/3-easy-steps-to-invest-768x476.jpg 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p><b><i>About <\/i><\/b><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%208\" target=\"_blank\" rel=\"noopener noreferrer\"><b><i>Revix<\/i><\/b><\/a><\/p>\n<p><i><span style=\"font-weight: 400;\">Revix brings simplicity, trust and great customer service to investing. Their easy to use online platform enables anyone to own the world&#8217;s top assets in just a few clicks. <\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><i><span style=\"font-weight: 400;\">Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.\u00a0<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">For more information, please visit <\/span><\/i><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=July%20Article%202&amp;utm_campaign=July%20A2&amp;utm_content=Link%209\" target=\"_blank\" rel=\"noopener noreferrer\"><b><i>revix.com<\/i><\/b><\/a><\/p>\n<p><em>This is a paid-for promotion by the party listed above. Always conduct thorough research before investing.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts predict the gold price will continue to be driven up by strong demand and continued uncertainty over the outlook of the global economy.<\/p>\n","protected":false},"author":57,"featured_media":416419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[14849],"class_list":["post-416415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-revix"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/416415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=416415"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/416415\/revisions"}],"predecessor-version":[{"id":416431,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/416415\/revisions\/416431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/416419"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=416415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=416415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=416415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}